ChinaNet Online Holdings, Inc. (CNET) financial statements (2020 and earlier)

Company profile

Business Address NO.3 MIN ZHUANG ROAD, BUILDING 6,
HAIDIAN DISTRICT, BEIJING,, 100195
State of Incorp. NV
Fiscal Year End December 31
SIC 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1433653
Cash and cash equivalents1433653
Restricted cash and investments0      
Receivables671045119
Disposal group, including discontinued operation    2  
Deferred tax assets  2 00
Other current assets0  0000
Other undisclosed current assets724691222
Total current assets:14131714212834
Noncurrent Assets
Operating lease, right-of-use asset0
Property, plant and equipment0000111
Long-term investments and receivables0 11111
Long-term investments0 11111
Intangible assets, net (including goodwill)00912101617
Goodwill  554711
Intangible assets, net (excluding goodwill)0047696
Prepaid expense1      
Deposits noncurrent assets      2
Deferred tax assets, net11 211
Other undisclosed noncurrent assets44 211(0)
Total noncurrent assets:541216142023
TOTAL ASSETS:19172930354757
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4663347
Accounts payable1330010
Taxes payable3333337
Debt0111 55
Derivative instruments and hedges, liabilities0      
Due to related parties     1 
Disposal group, including discontinued operation    1  
Customer advances and deposits4111
Contract with customer, liability1
Other liabilities0010010
Other undisclosed current liabilities61222(1)(3)
Total current liabilities:10813871010
Noncurrent Liabilities
Liabilities, other than long-term debt0100011
Deferred tax liabilities, net   011
Due to related parties000000 
Derivative instruments and hedges, liabilities 1     
Other undisclosed noncurrent liabilities      0
Total noncurrent liabilities:0100012
Total liabilities:11913881212
Commitments and contingencies    0  
Stockholders' equity
Stockholders' equity attributable to parent, including:881522273645
Common stock0000000
Additional paid in capital41383229272520
Accumulated other comprehensive income2121244
Retained earnings (accumulated deficit)(36)(35)(20)(10)(4)519
Warrants and rights outstanding01     
Other undisclosed stockholders' equity attributable to parent2233333
Stockholders' equity attributable to noncontrolling interest(0)(0)000(0)(0)
Total stockholders' equity:881522283645
TOTAL LIABILITIES AND EQUITY:19172930354757

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues49574735323930
Revenue, net4735323931
Cost of revenue
(Cost of Goods and Services Sold)
(47)(55)(42)(27)(25)(32)(17)
Other undisclosed gross profit    100
Gross profit:22588714
Operating expenses(6)(17)(14)(14)(17)(21)(12)
Operating income (loss):(4)(15)(9)(6)(9)(15)1
Nonoperating income (expense)11(0)(0)00(1)
Investment income, nonoperating  00000
Other nonoperating income (expense)(0)(0)(0)(0)0(0)0
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes0000000
Income (loss) from continuing operations before equity method investments, income taxes:(3)(13)(10)(6)(9)(15)1
Income (loss) from equity method investments    (0)0(0)
Other undisclosed income from continuing operations before income taxes0      
Income (loss) from continuing operations before income taxes:(3)(13)(10)(6)(9)(15)1
Income tax expense (benefit)0(1)(0)(0)11(1)
Loss from continuing operations:(3)(14)(10)(6)(8)(14)(0)
Loss from discontinued operations   (0)(1)  
Net loss:(3)(14)(10)(6)(9)(14)(0)
Net income attributable to noncontrolling interest     00
Other undisclosed net income (loss) attributable to parent00(0)(0)0  
Net loss available to common stockholders, basic:(3)(14)(10)(6)(9)(14)(0)
Other undisclosed net income available to common stockholders, diluted   01  
Net loss available to common stockholders, diluted:(3)(14)(10)(6)(8)(14)(0)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(3)(14)(10)(6)(9)(14)(0)
Other undisclosed comprehensive income (loss)(0)(0)1(1)(2)(0)1
Comprehensive income (loss):(3)(14)(9)(8)(11)(14)1
Comprehensive income (loss), net of tax, attributable to noncontrolling interest00(0)(0)00(0)
Other undisclosed comprehensive income, net of tax, attributable to parent      0
Comprehensive income (loss), net of tax, attributable to parent:(3)(14)(9)(8)(11)(14)1

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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